what is an irs

The IRS stands for the Internal Revenue Service, which is a government agency responsible for administering tax laws and collecting federal taxes from U.S. individual and corporate taxpayers. The agency is a division of the U.S. Treasury Department and ensures that the responsibilities of the Treasury secretary are followed through under the Internal Revenue Code (IRC) . Established in 1862, the agency also handles gift, excise, and estate taxes. The IRS routinely conducts audits to ensure that taxpayers comply with tax laws. The agencys mission is to provide Americas taxpayers top quality service by helping them understand and meet their tax responsibilities. The IRS has an official website where taxpayers can find information and resources related to taxes.